Turkish Central Bank keeps main rates unchanged, further tightens to ease inflation

The Central Bank has taken another tightening step, hiking the cost of funds from its ‘late liquidity window’ while leaving conventional policy rates on hold to ease the inflation rate. 

The bank kept the overnight lending rate at 9.25 percent.

The one-week repurchasing (repo) rate, regarded as the headline rate, also remained unchanged at 8 percent and the overnight borrowing rate was kept at 7.25 percent.

But the bank raised its late liquidity window lending rate by 75 basis points from 11 percent to 11.75 percent.

http://www.hurriyetdailynews.com/turkish-central-bank-keeps-main-rates-unchanged-further-tightens-to-ease-inflation.aspx?pageID=238&nID=110883&NewsCatID=344